FREMONT, Calif.—(BUSINESS WIRE)—September 29, 2008—
Virage Logic Corporation (NASDAQ: VIRL), the semiconductor industry’s
trusted IP partner, today announced its expanded business model based on
the company’s deep collaboration with its
manufacturing System-on-Chip (SoC) ecosystem partners. Together with its
strategic foundry partners, Virage Logic is making available end-market
optimized semiconductor intellectual property (IP) that enables
designers to meet the growing challenge of cost effectively delivering
highly differentiated products in increasingly narrow market windows.
The expanded business model is based on new initiatives with Chartered
Semiconductor Manufacturing (NASDAQ: CHRT, SGX-ST: CHARTERED) and IBM
(NYSE:IBM) to provide foundry-sponsored IP optimized for key end-markets.

The consumer market, along with the wireless, computing, networking, and
automotive markets are all examples of specialized end-market segments
that demand highly optimized capabilities at advanced processes —
such as 65-nanometer (nm) and below — which
simply cannot be addressed with off-the-shelf IP. To achieve success in
these market segments, companies must meet shrinking market windows and
fluctuating consumer demand, yet still be first-to-market.

Virage Logic has a proven track record of providing advanced, highly
specialized semiconductor IP to meet the needs of leading manufacturers
of high-volume, high-complexity SoCs. In collaboration with its
strategic foundry partners, Virage Logic’s
expanded business model makes available foundry-sponsored IP that
enables end users to bring products to market faster, while minimizing
investment and risk.

“In today’s
challenging global semiconductor industry, consolidation and
restructuring of traditional business models are driving companies to
outsourcing key elements of their designs to maximize profit margins and
meet increasingly narrow windows of market opportunity. This change has
provided Virage Logic with the opportunity to serve as a trusted
semiconductor IP partner,” said Rich
Wawrzyniak, senior analyst, Semico Research. “I
believe Virage Logic’s impressive growth over
the last year is based on its technology leadership and ability to
anticipate customers’ future needs and move
in that direction one step ahead of the market. This new expanded
business model with their strategic foundry partners is yet another
example of Virage Logic’s ability to meet
evolving customer needs and truly serve as a trusted IP partner.”

“In our relationship over the past decade,
Virage Logic has established itself as a trusted provider of
silicon-proven IP that addresses crucial design challenges such as high
performance, low leakage, silicon manufacturability, testability and
volume production,” said Walter Ng, vice
president of design enablement alliances at Chartered. “By
targeting 65nm process technology from Chartered to provide Virage Logic’s
SiWare™ Memory and SiWare™
Logic free of charge, we believe our mutual customers can start their
designs earlier in the development process, in order to manufacture
faster, lower-power, and more area-efficient SoCs.”

“Virage Logic has long been the market leader
in providing highly differentiated IP, and through our expanded
collaboration with our strategic partners, end users benefit with both
easy access and manufacturing flexibility,”
said Brani Buric, executive vice president of marketing, Virage Logic. “In
addition, end users can also enjoy access to the full breadth of Virage
Logic’s semiconductor IP offering that
includes embedded SRAMs, embedded NVMs, logic libraries and DDR memory
controller subsystems, plus award winning customer support services.”